At Microsoft, Cash Is King (MSFT)

| About: Microsoft Corporation (MSFT)
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Eddy Elfenbein submits: I’ve been looking at a lot of balance sheets lately, and I’m surprised at the level of cash that many corporations are holding. Microsoft (NASDAQ:MSFT), for example, has $35 billion in the bank. Think about that. Their bank account is larger than most banks. In fact, by itself, Microsoft's bank account would be the 70th largest stock in the S&P 500. ExxonMobil (NYSE:XOM) isn’t far behind with $29 billion in cash, and Pfizer (NYSE:PFE) has $22 billion.

What is everyone waiting for? Perhaps Microsoft will pay another special dividend. I think it’s interesting that a software company is one of the largest lenders in the country, and it isn't even part of the Federal Reserve System.

On my first job as a broker, I remember how we were trained in our “pitches